Community Land Trust of Palm Beach County and the Treasure Coast Inc
Nonprofit profile at a glance
- EIN
- 205090958
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Lake Worth, FL, USA
- Phone
- 5613188430
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $1,434,206
- Expenses
- $1,296,953
- Assets
- $10,223,436
- Liabilities
- $10,426,094
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CYNTHIA LACOURSE-BLUM (EXECUTIVE DIRECTOR)
- TIMOTHY P WHEAT (PRESIDENT)
- TAMMY MCDONALD (VICE PRESIDENT)
Highest reported compensation
- CYNTHIA LACOURSE-BLUM (EXECUTIVE DIRECTOR): $125,896 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.
What it reported doing in 2024
Through the commitment of its all-volunteer board of directors, the dedication of its staff, and support of its members, the clt of pbctc has been able to accomplish the following in fy 2024-25: lake worth beach clt villas project - construction began on lake worth beach clt villas, the next phase of the lake worth beach clt cottage homes initiative. This phase includes eight (8) attached single-family homes, each with three bedrooms and two bathrooms, located on four lots donated by the lake worth beach cra. Homes are set-aside for households earning at or below 80% of the area median income (ami). The project received $1 million in federal home chdo funding and $1.64 million in palm beach county housing bond financing.affordable home sales - sold four (4) affordable homes under the community land trust model to eligible households earning below 100% of the area median income (ami). These sales expanded access to stable, permanently affordable homeownership opportunities for local working families.provided and maintained 80 affordable rental units at davis landings and la joya villages, serving households with incomes ranging from 30% to 120% of the area median income (ami). These developments continue to offer high-quality, stable housing options for a diverse range of working families in palm beach county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 60
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.5%; rating input score 84
- Program expense ratio: 93%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.6%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 7.88; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 1.02; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 9.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: -0.6% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 84.5% of revenue deployed · 93% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $126K · 12 people listed
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.